Delegat forecasts record operating profit, case sales in 2016 on growth in North America, Asia

Tue, 01 Dec 2015

By Sophie Boot Dec. 1 (BusinessDesk) - Delegat Group, New Zealand’s largest listed wine company, forecast record operating profit and case sales for 2016 on growth in the North American market and in the Asia-Pacific region. Operating profit is expected to rise 5 percent to $36 million in the year ending June 30, 2016, managing director Graeme Lord told shareholders at their annual meeting in Auckland. Sales are forecast to rise 8 percent to 2.4 million cases, he said. Delegat, which is controlled by interests associated with the famil...

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